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Tucker Corp purchased 10,000 shares of Manthe Inc, on February 12, 2023, Manthe has 500,000 shares outstanding On September 15th,2023 Manthe paid a cash dividend
Tucker Corp purchased 10,000 shares of Manthe Inc, on February 12, 2023, Manthe has 500,000 shares outstanding On September 15th,2023 Manthe paid a cash dividend of $1.25 per share. What is Tucher Corp's journal entry to record the dividend received on September 15th. DR Retained Earnings \$12,500; CR Cash $12,500 DR Cash \$12,500; CR Equity imvestment $12,500 DR Retained Earnings \$625,000; CR Cash $625,000 DR Cash \$12,500; CR Dividend Revenue \$12,500 Clear my selection Tucker Corp purchased 10,000 shares of Manthe Inc, on February 12, 2023, Manthe has 500,000 shares outstanding On September 15th,2023 Manthe paid a cash dividend of $1.25 per share. What is Tucher Corp's journal entry to record the dividend received on September 15th. DR Retained Earnings \$12,500; CR Cash $12,500 DR Cash \$12,500; CR Equity imvestment $12,500 DR Retained Earnings \$625,000; CR Cash $625,000 DR Cash \$12,500; CR Dividend Revenue \$12,500 Clear my selection
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